Why You Should Request a Divorce Appraisal
Divorce appraisals replace emotions with raw data. They present a fair estimation of real estate value that can ease divorce settlement proceedings.
Divorce settlements are not a pleasant topic, obviously, but they are a necessary one. When it comes to working through a divorce, one of the major hurdles are negotiations regarding the division of assets. If a married couple owns a home or another piece of real estate, these negotiations often become complicated.
A divorce settlement appraisal is a useful tool in these situations because they replace emotion with raw numbers. Determining what will happen to shared real estate becomes easier when each party can look at value estimations instead of just considering personal factors.
Two Big Reasons Why:
- If one spouse will keep the house, learning the value is instrumental in making sure the other spouse gets a fair share of other assets in return.
- If the house is going to be put up for sale, a value estimation is vital for determining the listing price so that each party can walk away with an equal sum of money from the asset.
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What Happens in a Divorce Appraisal?
An appraiser will determine the fair market value of the real estate and prepare a detailed report. An appraiser may also appear in court as an expert witness, when necessary.
In a divorce settlement appraisal, the appraiser’s job involves more than just determining the fair market value of a home or property. The appraiser must also prepare a detailed appraisal report for reference in settlement negotiations or court proceedings. At times, the appraiser might be asked to provided testimony.
In rare situations when both spouses order individual appraisals, the separate reports can present conflicting opinions of a property’s value. Without an accurate estimate of asset value, it is exceedingly difficult to execute a fair and equitable divorce settlement.
Why Choose Authority Appraisals?
Authority Appraisals has the professional ability and experience to provide reliable divorce appraisals as well as expert witness testimony.
Authority Appraisals has performed countless divorce settlement appraisals throughout our years of service. We will provide you with an appraisal report that exceeds all court requirements, and we are also prepared to serve as an expert court witness, if necessary.
If you should find yourself in such a situation where separate appraisals conflict, Authority Appraisals can testify in court about our findings. While this kind of expert testimony comes with an hourly fee, it will ensure that your appraisal value is part of the court record – not to mention having a genuine industry expert arguing on your behalf.
Contact Authority Appraisals for Professional & Reliable Divorce Appraisals.
Authority Appraisals provides thorough, accurate and confidential reports.
Authority Appraisals also can offer professional Brokerage Services under our sister company Rhodes & Associates Realty. For more information on our Brokerage services please visit us on the web at www.Rhodes-Associates.com
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